Investor wanted
A distinguished investment opportunity to rent a fully equipped rest house for immediate investment and operation, in the Al-Munsiyah district of Riyadh, on a commercial street.
Location Details:
- 24 rooms
- 8 shared bathrooms
- Warehouse
- Outdoor spaces that can be invested and utilized according to the activity
- The location is ready for investment and operation without the need for basic preparations.
Current Activity and Income:
The rest house is currently utilized as accommodation for workers, and the rooms are already rented out, with a current annual income of 370,000 SAR or more.
The current leases can also be transferred to the new investor, benefiting directly from the existing income, according to the agreed-upon terms and procedures.
Investment Ideas:
- Continuing the activity of accommodation for workers.
- Operating it as accommodation for companies and institutions.
- Utilizing the warehouse and outdoor spaces for storage.
- Creating spaces for storing goods and renting them out.
- Or developing it with any suitable investment activity as deemed appropriate by the investor.
Rental Conditions:
Required annual rent: 290,000 SAR only.
Payment in one lump sum in advance.
Lease term is annual, with the possibility of extension by agreement.
A ready-to-invest opportunity from today, with existing income and a commercial location, with the possibility of benefiting from current leases and transferring them to the new investor.
For serious inquiries, please contact via private message for details and viewing.